Japanese shares ended sharply higher on Monday on strong dollar versus the yen.
“Dollar strength is beneficial for exporters not only from a currency perspective, but it also suggests strength in the U.S. economy,” said Soichiro Monji from Daiwa SB Investments Ltd.
The Nikkei 225 surged 121.36 points, or 1.10% to 11,158.65.
Advantest rallied 1.02% to 7940 yen, Canon rose 0.70% to 5790 yen. NEC was up 1.88% to 596 yen. Sony rocketed 2.23% to 4120 yen.
Daiei advanced 0.36% to 1975 yen.
Honda rocketed 1.72% to 5320, Nissan Motor added 1.13% to 1072 yen, Toyota surged 0.77% to 3920 yen.
Yto-Yokado closed unchanged at 3720 yen.
FOREX
In the currency market, the euro declined to $1.2540 from $1.2563 in New York late Friday. The dollar is steady at 108.12 yen.